Category: Posts

Depreciation rates under Income Tax Act

by The Tax Herald | Sep 1, 2024 | Posts | 0 |

Depreciation is a provision that allows businesses to claim a deduction for the decrease in value of tangible assets used in their business operations over time. The Income Tax Act provides for different rates of depreciation for different types of assets

Income Tax Rates for Individual Taxpayers for FY 2023-24

by The Tax Herald | Jun 17, 2024 | Posts | 0 |

Income tax Rates for Financial year 2023-24 , Assessment Year 2024-25. New Tax regime regime rates versus Old Tax regime rates. Exemptions and deductions available under new Tax regime and old Tax regime.